Hudbay Minerals (TSE:HBM) Price Target Raised to C$31.00

Hudbay Minerals (TSE:HBM) (NYSE:HBM) had its price objective hoisted by Scotiabank from C$26.00 to C$31.00 in a report published on Thursday,BayStreet.CA reports.

Other equities research analysts have also issued reports about the company. BMO Capital Markets raised their target price on Hudbay Minerals from C$23.00 to C$24.00 in a research report on Tuesday, November 18th. Jefferies Financial Group increased their price target on shares of Hudbay Minerals from C$27.00 to C$31.00 in a research report on Monday, December 8th. Royal Bank Of Canada raised their price objective on shares of Hudbay Minerals from C$26.00 to C$28.00 in a report on Wednesday, December 10th. Desjardins boosted their target price on shares of Hudbay Minerals from C$26.00 to C$30.00 and gave the company a “buy” rating in a research note on Monday, December 15th. Finally, Citigroup set a C$23.00 target price on shares of Hudbay Minerals and gave the company a “buy” rating in a research report on Monday, December 15th. Four research analysts have rated the stock with a Strong Buy rating and nine have assigned a Buy rating to the company. According to data from MarketBeat, the stock has a consensus rating of “Buy” and a consensus target price of C$25.29.

Hudbay Minerals Trading Up 2.5%

TSE:HBM opened at C$30.00 on Thursday. Hudbay Minerals has a 52 week low of C$8.49 and a 52 week high of C$30.50. The firm has a 50-day moving average price of C$24.80 and a two-hundred day moving average price of C$19.98. The company has a debt-to-equity ratio of 46.39, a quick ratio of 0.85 and a current ratio of 1.86. The firm has a market cap of C$11.88 billion, a price-to-earnings ratio of 25.86, a price-to-earnings-growth ratio of 3.97 and a beta of 2.05.

Hudbay Minerals (TSE:HBM) (NYSE:HBM) last released its earnings results on Wednesday, November 12th. The mining company reported C$0.03 earnings per share (EPS) for the quarter. The company had revenue of C$0.35 million during the quarter. Hudbay Minerals had a return on equity of 3.74% and a net margin of 4.23%. On average, equities analysts expect that Hudbay Minerals will post 1.1220575 earnings per share for the current fiscal year.

Hudbay Minerals Company Profile

Hudbay Minerals Inc is a Canadian mining company with its operations, property developments, and exploration activities across the United States. The major mines that Hudbay operates are located in Manitoba, Canada, Arizona, United States; and Peru. The company is principally focused on the discovery, production, and marketing of base and precious metals. Hudbay produces copper concentrate, which contains copper, gold, and silver, as well as zinc metal. More than half the company’s revenue is attributable to the copper business.